It's important to me that I say this on this board to keep myself honest!
April 2021 has come and gone and all my high falutent predictions and unabashed expectations have now been shot down. No significant distribution for my escrowed shares has occurred after all these years!
Fact. I didn't spend time moaning and groaning in writing much but I have pretty consistently reminded anyone around me that Wall Street sucks. I did this because I suspected as much by the year 2000, but HOW DESTRUCTIVE the entrenched "financial services" culture does cheat, steal, hide, manipulate, and design fleecing techniques such as overdraft fees, other banking fees, unethical yet legal practices, and corporate accounting magic acts IS NOW PROVEN TO BE IMMENSE - very destructive.
Sizing up destruction is a relative matter but it's enough to say the 300 billion plus in capital assets held has not serviced the stock holders' interests. It has been used to exclusively leverage a new residential mortgage broker into the big time.
Thirteen is at least 6 years longer than any stockholder should reasonably expect, imo.
Expectations managed well is a key to service business success. Wall Street is a failure on so many levels primarily because the fight for deregulation and "freedom" is not supported by the neccessary moral and ethical practices required to produce good faith business results.
Too few realize financial gains and pay too little to the rest of our population for their deeds.
Where's the service? In fact, the manner in which the availability of WAMU stock for then current holders was managed after the seizure was criminal. In contrast, note the number notices we get for emerging class actions. Why seized banks and the FDIC and interim business managers aren't required to spend time and money notifying stakeholders of life changing events can only be attributed to the managers wanting more for themselves. No service there.
It's clear where the problem is...
